Decision of the Polish Financial Supervision Authority concerning the additional capital requirement related to the portfolio of foreign currency credits and mortgage loans at the consolidated level

Getin Noble Bank S.A. (“Bank”) informs that it has received a decision from the Polish Financial Supervision Authority (“Authority”) containing an order to maintain, on a consolidated basis, own funds to cover the additional capital requirement to hedge the risk arising from foreign currency credits and loans secured by mortgage for households at the level of 1.34 p.p. above the total capital ratio (TCR), referred to in Article 92(1)(c) of Regulation No 575/2013.

The additional capital requirement should consist of at least 75% of Tier I capital (corresponding to capital requirement of 1.01 p.p.) and at least 56% of Tier I common equity (corresponding to capital requirement of 0.76 p.p.).

Until now, the requirement in question – on a consolidated basis – remained at the level of 1.35 p.p., above the total capital ratio (TCR) that consisted of at least 75% of Tier I capital (corresponding to capital requirement of 1.01 p.p.) and at least 56% of Tier I common equity (corresponding to capital requirement of 0.76 p.p.).

Legal basis: Article 17(1) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 (MAR).